If you rent your apartment, house, or condo, you probably need renters insurance. Remember, your landlord isn’t responsible for your belongings or any personal liability you may face if someone is injured in your home. Renters Insurance is a very affordable way to have insurance coverage for a variety of unexpected events. Liberty Mutual provides this affordable insurance, with rates starting at about $18 per month.
Identity Fraud Coverage
Identity theft has been first on the Federal Trade Commission’s list of consumer complaints for more than a decade. The loss incurred by identity theft can be staggering. That is why Liberty Mutual offers Identity Fraud Expense Coverage, which can be added to your Renters policy. Not only do they reimburse you for certain expenses, but they also offer personal assistance to victims of identity fraud through their Identity Fraud Crisis Resolution Center.
Personal Property Replacement
If anything happens while you are renting, your landlord does not have any obligation to replace your personal property. If your valuables are damaged by a leaky pipe or if your property is burglarized – renters insurance will help replace your belongings.
This provides additional coverage (including higher limits and additional covered causes of loss) for computers, peripheral devices, software, and media. Smartphones and iPads, for example, are covered with this endorsement. Even if your computer is stolen at the library or damaged in your car, you are covered! Losses will be subject to a $100 deductible.